That is more than double last years number, prompting fears violence triggered by Hurricane Maria and its aftermath. Of customers in puerto rico are still without electricity nearly four months after the storm. And a little boy shot in the Sutherland SpringsChurch Massacre is returning home today after more than two months in the hospital. The sixyearold was shot five times. The childs two siblings were among 26 People Killed in the attack. He was traveling in style on his way home, traveling through town in a fire truck. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Emily i am emily chang and this is bloomberg technology. Coming up, drop dropbox jumping into the Public Market. Can the company avoid the pitfalls of going public . Plus, changing passwords on passwords, locking up data on companyowned computers. Those are some of the steps uber took to evade authorities in the past. We explain their wrigley program. Facebook and twitter have been under scrutiny for how they deal with online harassment. Now, shareholders are speaking out. But first, to our lead and an update on the massive chip of known as meltdown inspector. Two of the exploits of applied to their chips. They deviously said their chips were unaffected. Shares are falling and afterhours trading. For more, lets get to our bloomberg tech reporter, ian king. Say initially and what have they now said . There was a Conference Call to explain what is going on. Is they are saying there zero to little chance of this being affected. Clearly that put them at odds with what intel was saying, that this was an industrywide problem, leading people to believe amd was a viable alternative. Maybe it is an opportunity. Emily why would they say that, not knowing for sure . Ian it is a question i would like to hear them answer. They have not helped themselves by doing this. Emily what are the implications, how much more widespread we believe it could be as a result of amd . Or are these devices that already have these in them . Amd did say look, we have patches on the way. We will help, everything will be fine. At the same time, a patch basedoft put out on amd machines did not work, it was frozen. It does not look good. Emily ian king, thank you so much for your update and your excellent coverage of this story last week. To a bloomberg scoop. Dropbox has said to have filed for an ipo in the United States. To people familiar with the matter, Goldman Sachs and jpmorgan will lead this, which is privately valued at 10 billion. Dropbox could be one of the biggest u. S. Enterprise Tech Companies to release in several years. First data went public at 14 billion, the biggest in the past five years. Joining us now, the reporter who broke the news. Alex, we have been waiting for dropbox to file, and now they have. What do we know about the filing . Alex they have filed confidentially. This listing could happen pretty soon among the ranks of the spotify and other companies coming to market in market. Goldman sachs and jpmorgan have been hired to lead the deal. Those are two firms that have worked with the company through their Equity Capital raising and credit line extensions as a private company. Now they are also opening up the books for pitches from other banks who want to help run this deal. Another one we are seeing right out of the gate in 2018. The folks i was talking to after we broke the news are pretty psyched because we have been waiting for a turnaround to get bigger names start to get public. This is a good indication more might be to come. Emily we have been waiting, indeed. What do we know about the price valuationhe potential my compared to the 10 billion they privately raised . Caroline alex the folks i talked to before the stories that they could expect this valuation. The company was locked in and there private trading round. But in aftermarket trading, this could trade up through that. Where that puts this in the s, around seven to 10 on the list in terms of size. In the past five years alibaba , was the biggest, raising 25 billion worth of cash from their share sale. Facebook, snap, twitter, you marched down the line. Then you get into smaller deals. Dropbox, if they get something around 10 billion if i do my personal math, they list the typical 10 to 20 those numbers are still to be decided. Theres no indication how much they intend to raise, but i can tell you this will be a bigger one on par with snap and some of the bigger deals we have been watching lately. Emily how do you think this will compared to things like spotify doing a direct listing this year and other ipos . Alex those of the two that might come in the next few months. Is unconventional, they are deciding to list the stock. There is not a big share sale like you see with of the ipo process. Those will be two people will be paying a lot of attention to. Dropbox is a different animal than some of the past we have seen like snap. Snap has not performed well since it listed last march. Say did come out and dropbox is profitable, excluding some metrics. 1 billion in annual pointing revenue at one last year. Theyre coming up with financials that are unique in terms of the ranks of Bigger Companies going public and asking the Public Market to bet on an Unprofitable Company out of the gate. , great scooparinka for you today on dropbox. Thanks, i know you will be charting it to the finish. Another day, another dark revelation about uber. How they are keeping police at bay with a secret weapon. And bloomberg tech is Live Streaming on twitter. Check us out weekdays. This is bloomberg. I say we take off and [indiscernible] it is the only way to be sure. Emily that is sigourney weavers classic character delivering a classic line in the scifi classic alien and it is that line is the namesake for topsecret program uber has been keeping to keep police at bay. Here with more, our reporter that broke the story. Also with us, a man intimately the company. At before that he served as head of communications in the americas. How did this button work . Me give you context on what uber was dealing with in 2015. International authorities in the e. U. Took a lot of negative interest in what uber was doing, around their belief there may have been problems with tax evasion, violating local labor laws, and violating transportation loss. They started dawn rating raiding uber offices. They would remotely disable computers so authorities could not collect evidence. Emily is this something they also used in the United States . We do not have evidence they used it in the u. S. Emily we have a statement from uber, saying like all companies around the world, we have security procedures in place to protect consumer data. When it comes to government investigations, it is our policy to cooperate with all valid searches and requests for data. What do you make of it . It is important to look at the context, these rai happenedd at night. S were not talking about the doj executing a valid warrant. They may have been motivated by the very reaches of their authorities were conducting raids for information. Uber was defending themselves against actors acting poorly. Emily is it lawful or does it matter . The question should be, where the actions by the authorities lawful at the beginning . In a lot of countries, the tax industry is huge. The taxing industry is incredibly powerful. They can leverage authorities in any investigation they want. Still, the latest in a long line of stories about uber that raised eyebrows. They make an important point. We have to look at the attention they were getting at that time. But it is still super interesting. Also very interesting considering the company is facing five government probes at the moment from the justice department. On that point, you can defend uber all day long, but they are facing probes from the u. S. Government into their operation. Multiple probes, so many it is hard to keep track. Lets think about 2015. Uber was in a war for its life. It was battling taxis around the world. What were the defending . Information about drivers and riders. We have seen countless incidents of drivers attacked by taxi riders who learned their identity. Emily we also learned about those stealing data to protect themselves in the United States. Uber was definitely in a very competitive environment in the u. S. Emily and acting illegally, potentially. But we are talking about foreign governments probably using their authority inappropriately. Olivia, what does this mean for Dara Khosrowshahi . Skeletons infew the closet. There could be more to come. Olivia that is an important point to keep in mind, there is a new guard at uber, a lot of change happening right now. The same things that helped the company grow so quickly, unprecedented growth, are also the things causing problems now. Newounds to me that ubers ceo is making an effort to make sure these programs do not exist today. Or if they do, they are above board. Emily who at uber knew about these programs . Olivia in the beginning, it was designed by the Tech Department and then it was moved to security. It was also in partnership with the legal department. We understand employees felt uncomfortable with it. There was a lot of gray area about when they could and could not use this panic button. The two people who oversaw the project have left the company. Emily on that note, is this something that should continue to exist at uber in light of their continuing struggles and for countries . This was a long time ago now. Era, 2015 in the tech is ancient. My phonean wipe remotely. If someone gets a hold of it, so we are talking about ubers ability to detect data. Where you ride is a business and government should not get its hands on. Emily what are you hearing from the Uber Community and employees about the shares . End of the month is when it is expected to close and it is wonderful that travis decided to participate as well. Had he not, a lot of employees probably would not have. What do you make of the fact he decided to sell such a large stake . Travis is fiercely loyal to his team. Still. They helped him build the company. Had he not participated, it probably would have impacted the offer going through. Lane emily great to have you on. Great reporting. Apple could get a 4 billion boost from the new tax overhaul plan. A tiny loophole could benefit those Companies Whose fiscal quarters dont fall within the calendar year. It could translate to one last tax break to Companies Like google, microsoft and cisco. Google is making a push to be a bigger player in the digital assistant market. They are trying to gain on rival amazon. Considering Google Assistant at the center of it. Google is also discussing a strategy for buying products and services of the of the assistant. Google assistant now runs on 400 million devices. Coming up, a new player in the cryptocurrency market. How moneygram hopes ripple will speed everything up. This is bloomberg. Emily there is a new name associated with bitcoin, the u. S. Marshals service. Using 4000uction off bitcoins valued at the bitcoins 5 million. Were seen in connection with the a number of highprofile federal and state cases. Those varied from drug busts to money laundering. The sale will take place during a sixhour period that takes place on january 22. Participants are required to make a deposit of 200,000. Another mainstream adoption of cryptocurrencies and this time it is money gram getting in on the action. Shares of moneygram climbed to the most in 10 months, after working with lock chain start up ripple. It will be testing the use of cryptocurrency to remove funds. Lets bring in cory johnson. They mentioned speedier transactions. What does this mean . Aboutwhen i first thought bitcoin, the first notion and later cryptocurrency and blockchain, you got to think about the business of Western Union and moneygram moving money across borders with lower fees. Inyou are a Foreign Worker the u. S. Trying to get money home to your family, you go to the 7eleven and try to use transfer money using Western Union, the fees are an enormous and the process is slow. The idea you could move money like email is a dream and that is what bitcoin promises. Certainly what ripple seems to promise. Moneygram and ripple our income petition with each other. And seehese businesses moneygram move money faster is an amazing thing. It massively erodes their business model. It is interesting to see these guys smartly recognize they have to get ahead of this train at the end of the tracks. Spoken to the ripple ceo recently. Lets take a listen to what he had to say about the future of cryptocurrency. There is no doubt 2017 has been a year of crypto. Rpthin the year of crypto, x has outperformed every other asset. A up 20,000 . Emily it is interesting to compare bitcoin to a slower credit cardlike transaction. Do you think cryptocurrencies like ripple or. M could surpass bitcoin . Place wen we get to a are talking about the efficacy of Blockchain Technology and even currencies that use blockchain, rather than the price is up, the price is down. Aat is when we have conversation about what these things might be as a business. I talked to the ceo of moviepass, an interesting start of that has a public structure that is complicated. Physicalflix with the movie theater, founded by one of the netflix cofounders. Notion ofabout their using blockchain and what they will do, as opposed to just talking about it. Listen to what he had to say about how blockchain might change business. It is. More valuable than yesterday . I think the public does not quite understand we are on the verge of disrupting the holy you go to movies, but the whole distribution of content. That is the thing, it is the notion of distribution of content. They said they could do it in nine months. But how lots of businesses are expecting how to use this technology to solve old problems. Then we can get away from squiggly lines and the stock price and understand how technology is changing business. Emily how do you know when some of these businesses are using this genuinely and not to generate buzz . Cory i think we can look at some cases as being obvious. When you see companies change the name and do things that have a shortterm effect on their stock. It seems to me the only possible nearterm gains is that, or complete change of business model. And whoo how they talk is doing it. I fully expect to see real businesses like a moneygram and ripple get involved. It is not going to be we have kodak up on the screen. Kodak, another company run by a Real Technology guy. Listen to what they say in the details they give us about how that might work. Emily how much more often will we see this this year . Cory i think we will be counting on both fingers and toes. Between the two of us that is at least 20. 40 . Emily we talk a lot about bitcoin, ripple, ethereum. If there was one other cryptocurrency you are watching for this year what is it . ,cory one of the most interesting things is the diverted notion. Will we have lots of individual currencies to work for individual markets, which lessens their value . If there is one currency for moviepass, and a translate that back to ripple or xrp or bitcoin, that gets to be a pain sens the value of that transaction. Or will there be a lot of things like kodak and Long Island Iced Tea . Will they go around a few cryptocurrencies . That is an interesting question that is important to figure out, if you are looking at investing or understanding some of these icos. Emily cory johnson, our editor at large and emerging crypto expert. Coming up facebook and twitter , under fire yet again. This time from shareholders. Why they are focused on social media abuse. This is bloomberg. It is 12 30 here in hong kong. Mark zuckerberg says he expects the time users spend on facebook will fall as he announces a major change. The ceo says the newsfeed will prioritize posts on friends and family over public comment, meaning users will see fewer posts from businesses, media and brands. Tencent has sold 5 billion of bonds. Biggest u. S. Dollar offering in the first time it issued debt since 2014. Were, 10 year and 20 year above u. S. Treasuries. Ubersrg has been told San Francisco headquarters used a remote log off known as ripley to shut down computers from authorities across the world. It could remotely change passwords or lockup data on companyowned devices. Beijing is seeing signs of success in its fight against smog. Greenpeace says concentrations of dangerous particles plunged 54 in the fourth quarter. Forced millions of homes and businesses to switch from coal to cleaner burning natural gas. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Lets check on how markets have been trading in the asiapacific. Asian markets set that end the week on a strong note. The hang seng continuing its record rally. The indian rupee ahead of factory data. In south asia, a bright spot in the region. Andw record for thai indonesian stocks. The ringgit leading, along with the korean won. The yuan continuing to strengthen. Taking a look at the aussie, that is sliding despite upbeat chinese trade data. We do have a plunge in field shipments from china. In japan, Retail Stocks are in drag. We do have enthusiasm for the nikkei and topix under pressure. The nikkei down marginally. We do have losses for them kospi , easing the benchmark up 0. 1 . In shanghai, shares the best since 1992. This getting into the longest winning streak since 1997. This has turned into something more akin to a teddy bear market. They are catching a bit. We see the curve strengthen after that option. Lets go to the reopening hong kong and china at the top of the hour. This is bloomberg. Emily this is bloomberg technology. I am emily chang. Facebook and twitter are facing heat from shareholders to combat Sexual Harassment of women. On thursday, they announced they had profiled shareholder resolutions asking both compa